GlobalShipping

Vietnam Emerges as New Hub Amidst Global Trade Shifts

1 month ago

In the wake of ongoing global trade tensions, Vietnam has witnessed a significant surge as a preferred destination for manufacturing and shipping. As companies reassess their supply chains to mitigate risks stemming from tariffs and geopolitical skirmishes, Vietnam's strategic location and favorable trade agreements are increasingly appealing to international businesses. This shift comes at a time when shipping rates are experiencing fluctuations due to various external factors.

Dark Fleet Demolition Provides Unexpected Boost for India’s Struggling Shipbreaking Industry

3 months ago

The shipbreaking industry in India is witnessing a revival, thanks in large part to what’s being termed the "dark fleet" — a collection of aging vessels that have been banned from operating in various global waters but are still making their way to scrapyards. In recent months, this influx of decommissioned ships, primarily owned by companies that often operate outside of regulatory boundaries, has become a lifeline for local scrapyards, which have faced hardships in recent years due to declining demand and stringent environmental regulations.

Shipping Industry Faces New Challenges as Profit Boom Fades Amid U.S. Tariffs and Red Sea Changes

3 months ago

The recent surge in profits for the global shipping sector is showing significant signs of evaporating, primarily due to the reintroduction of U.S. tariffs and the reopening of the Red Sea trade routes. This shift comes as companies grapple with changing market conditions that threaten to unravel the windfall gains seen during the pandemic years.